Buy Star Paper Mills, target price Rs 180: Yes Securities

Yes Securities has buy call on Star Paper Mills with a target price of Rs 180. The current market price of Star Paper Mills Ltd. is Rs 168.7. Time period given by analyst is Intra Day when Star Paper Mills price can reach defined target.
Star Paper Mills Ltd., incorporated in the year 1936, is a Small Cap company (having a market cap of Rs 263.23 Crore) operating in Paper sector.

Financials
For the quarter ended 31-03-2021, the company reported a Standalone Total Income of Rs 87.62 Crore, up 28.51 % from last quarter Total Income of Rs 68.18 Crore and down -3.40 % from last year same quarter Total Income of Rs 90.71 Crore. Company reported net profit after tax of Rs 7.82 Crore in latest quarter.


Investment Rationale
With sustained movement above the 50-day average, the recent congestion phase seems to be in a mature phase. Sustenance above Rs 165 could resume the prevailing uptrend.